Home Equity Loans
Home Equity Loans/LOC
Making use of the equity in your home to achieve your goals makes good financial sense in many situations. Home equity loans and lines of credit are secured by your most important investment, your home; therefore, we can offer rates and terms that are generally more favorable than with other types of loans.
Home Equity Loan
A Home Equity Loan gives you a one-time cash payout, with a fixed or variable rate and term, so you’ll know your monthly payments exactly.
- Available in 5-, 10-, 15- and 20-year terms
- Borrow up to 90% of the equity in your home (appraised value minus the amount due on your first mortgage)
- Available up to a maximum of $250,000
- Rates vary based on credit score, loan to value and loan term
- Please consult your tax advisor regarding the deductibility of interest on this loan.
Home Equity Line of Credit
A Home Equity Line of Credit provides you the most flexibility. We establish the credit line, and then you access funds when you need them, without having to reapply.
- Borrow up to 80% of the equity in your home (appraised value minus the amount due on your first mortgage)
- Available up to a maximum of $250,000
- 10-year draw period with a 10-year repayment period
- Rates and programs vary based on credit score and equity
- Please consult your tax advisor regarding the deductibility of interest on this loan.
| Term | Interest Rate | APR | Payment per $1000 |
|---|---|---|---|
| 5 Year | 3.00% | 3.00% | $17.97 |
| 10 Year | 4.25% | 4.25% | $10.24 |
| 15 Year | 5.75% | 5.75% | $8.30 |
| 20 Year | 5.875% | 5.875% | $7.09 |
Digital Banking
Bank & savings accounts
Credit cards
Personal loans
Mobile & Web Banking
Instant Access
Savings Fixed Term
Savings Instant
Home & Property Loan
Bank & savings accounts
Credit cards
Personal loans
All Bank Account
Instant Access Savings
Instant Access Cash
Young Savers Account